FDIC Federal Register Citations

[Federal Register: June 21, 2004 (Volume 69, Number 118)]
[Notices]               
[Page 34352-34354]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21jn04-45]                         

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FEDERAL DEPOSIT INSURANCE CORPORATION

 
Agency Information Collection Activities: Renewal of an 
Information Collection; Comment Request

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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[[Page 34353]]

SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on proposed and/or 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. chapter 35). Currently, the FDIC is 
soliciting comments concerning the following collections of information 
titled: (1) Recordkeeping and Disclosure Requirements in Connection 
with Regulation Z (Truth in Lending); (2) Recordkeeping and Disclosure 
Requirements in Connection with Regulation M (Consumer Leasing); (3) 
Recordkeeping and Disclosure Requirements in Connection with Regulation 
E (Electronic Fund Transfers), and (4) Recordkeeping and Disclosure 
Requirements in Connection with Regulation B (Equal Credit 
Opportunity).

DATES: Comments must be submitted on or before August 20, 2004.

ADDRESSES: Interested parties are invited to submit written comments to 
Thomas Nixon, Legal Division (202) 898-8766, Federal Deposit Insurance 
Corporation, 550 17th Street NW., Washington, DC 20429. Comments may be 
hand-delivered to the guard station at the rear of the 17th Street 
Building (located on F Street), on business days between 7 a.m. and 5 
p.m.
    Comments may also be submitted to the OMB desk officer for the 
FDIC: Mark Menchik, Office of Information and Regulatory Affairs, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Thomas Nixon, at the address 
identified above.

SUPPLEMENTARY INFORMATION:
    Proposal to renew the following currently approved collections of 
information:
    1. Title: Recordkeeping and Disclosure Requirements in Connection 
with Regulation Z (Truth in Lending).
    OMB Number: 3064-0082.
    Frequency of Response: On occasion.
    Affected Public: State nonmember banks that regularly offer or 
extend consumer credit.
    General Description of Collection: Regulation Z (12 CFR 226), 
issued by the Board of Governors of the Federal Reserve System, 
prescribes uniform methods of computing the cost of credit, disclosure 
of credit terms, and procedures for resolving billing errors on certain 
credit accounts.
 

\1\ Minutes.
\2\ Hours.

    2. Title: Recordkeeping and Disclosure Requirements in Connection 
with Regulation M (Consumer Leasing).
    OMB Number: 3064-0083.
    Frequency of Response: On occasion.
    Affected Public: State nonmember banks engaging in consumer 
leasing.
    General Description of Collection: Regulation M (12 CFR 213), 
issued by the Board of Governors of the Federal Reserve System, 
implements the consumer leasing provisions of the Truth in Lending Act.
    Estimated Number of Respondents: 1,755.
    Estimated Time per Response: .75 hours.
    Estimated average frequency of transactions per year: 100.
    Total Annual Burden: 131,625 hours.
    3. Title: Recordkeeping and Disclosure Requirements in Connection 
with Regulation E (Electronic Fund Transfers).
    OMB Number: 3064-0084.
    Frequency of Response: On occasion.
    Affected Public: Any users of the electronic fund transfer system.
    General Description of Collection: Regulation E (12 CFR 205), 
issued by the Board of Governors of the Federal Reserve System, 
establishes the rights, liabilities, and responsibilities of consumers 
who use electronic fund transfer services and of financial institutions 
that offer these services.
 

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\2\ Hours.

    4. Title: Recordkeeping and Disclosure Requirements in Connection 
with Regulation B (Equal Credit Opportunity).
    OMB Number: 3064-0085.
    Frequency of Response: On occasion.
    Affected Public: State nonmember banks engaging in credit 
transactions.
    General Description of Collection: Regulation B (12 CFR 202), 
issued by the Board of Governors of the Federal Reserve System, 
prohibits creditors from discriminating against applicants on any of 
the bases specified by the Equal Credit Opportunity Act, establishes 
guidelines for gathering and evaluating credit information, and 
requires creditors to give applicants a written notification of 
rejection of an application.
 

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\2\ Hours.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the information collection, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the 
collection should be modified prior to submission to OMB for review and 
approval. Comments submitted in response to this notice also will be 
summarized or included in the FDIC's requests to OMB for renewal of 
these collections. All comments will become a matter of public record.

    Dated at Washington, DC, this 16th day of June, 2004.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 04-13971 Filed 6-18-04; 8:45 am]
BILLING CODE 6714-01-P